The 2018 Tax Cuts and Jobs Act arrived with a slew of changes to the tax code. There was a major reduction in the corporate tax rate to 21%, an increase in the standard deduction for all filers, the elimination of the personal exemption, and a limitation of the deduction for state and local taxes, just to name a few...
 



What’s the use of a budget? What happens, happens. It is what it is… right?
Surely a budget cannot change market forces that are beyond internal business control – but it can lend itself to making changes in order to drive profitability. When it comes to preparing a budget, here’s a list of reasons to just do it...

 



The best succession plans start early and allow a gradual transition, slowly and continually providing opportunities for the next generation to develop the skills they will need to take over the business. At the same time, this transition allows the older generation to evaluate the potential successors, grooming and developing them based on their desire to take over the business, and their aptitude and skills to continue its growth and prosperity...



When profits are up it’s easy to think about what your lender can do for you: finance new equipment, maybe a new building or a land purchase.  When times get a bit more stressful however, your lender may not be on your radar as someone to turn to for  help. It’s important to know that we are here for you both in good times and bad...  







Stop Worrying, Start Planning
We Are Here to Help: Preparing for Estate Planning

It’s a Thursday evening. Chores are done, the bunk’s been covered, and supper was an hour ago. You’ve been thinking about the future while you stare at whatever show is flashing on TV – what’s going to happen to the farm? Is the next generation ready to take over? You know you’re not going to live forever, but how does this all work? How will your living expenses be covered if you no longer operate the business? What exactly will you do in “retirement”? Perhaps it’s time to start the discussion...
 

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